IN THIS ISSUE:

Self-Storage and Cybercrime: Tools to Protect Your Business

All businesses are vulnerable to cyberattacks and data breaches, but many owners of small and medium-sized self-storage businesses underestimate the danger. Here are some data points to demonstrate the scope of the threat.

• 43% of all cybersecurity attacks are aimed at small businesses, and that number is expected to increase.

• 54% of small and medium-sized businesses believe their businesses are "too small" to be targeted by cybercriminals.

• 83% of small and medium-sized businesses say they lack the money they would need to recover from a cyberattack or data breach.

• A cyberattack caused by a weak or stolen employee password costs a small business an average of $383,363 per incident.

• On average, cyber attackers spend 146 days (over 20 weeks) on a business network before being detected.

MiniCo has prepared a white paper about the growing risk of cybercrime filled with information to help you understand the risks, recognize cybercrime trends, and assist you in discussing exposures and coverage options with your insurance agent. Click the link to download the free white paper.